Welcome to our dedicated page for Cps Technologie news (Ticker: CPSH), a resource for investors and traders seeking the latest updates and insights on Cps Technologie stock.
CPS Technologies Corporation (NASDAQ: CPSH) delivers innovative advanced materials solutions for mission-critical applications in defense, electronics, and renewable energy. This news hub provides investors and industry professionals with comprehensive access to CPSH's official communications and market developments.
Track all essential updates through curated press releases, including earnings reports, product innovations, and strategic partnerships. Our repository features regulatory filings, R&D milestones in metal matrix composites, and operational updates relevant to CPSH's position in thermal management and lightweight material solutions.
Key content categories include quarterly financial results, new contract announcements in defense/electronics sectors, advancements in AlSiC composite applications, and intellectual property developments. The archive serves as a historical reference for analyzing CPSH's growth in advanced manufacturing markets.
Bookmark this page for streamlined monitoring of CPS Technologies' material events. Combine these verified updates with broader market analysis to inform your understanding of the company's evolving role in next-generation materials science.
CPS Technologies (NASDAQ: CPSH) has secured a Phase II SBIR contract from the U.S. Navy Air Systems Command (NAVAIR) worth over $1 million for a 30-month period. The project aims to advance the development of novel metal matrix composites (MMCs) for thermal energy storage, important for the Advanced Anti-Radiation Guided Missile - Extended Range (AARGM-ER) program.
During Phase I, CPS demonstrated the efficacy of aluminum and phase-change materials, including nickel titanium (nitinol), for compact thermal energy storage devices. The University of North Texas will act as a subcontractor in Phase II. Successful completion will enable CPS to apply these composites in aerospace, defense, and automotive sectors.
CEO Brian Mackey noted that the award underscores CPS' commitment to the SBIR/STTR programs and its long-term growth strategy.
CPS Technologies will participate in the Sidoti Microcap Virtual Conference on May 8 and 9, 2024. Management will present at 9:15 a.m. Eastern on May 8, with one-on-one calls available. CPS is a leader in high-performance materials for various applications like electric vehicles, wind turbines, and ballistic protection.
CPS Technologies announced its first-quarter 2024 financial results, reporting revenue of $5.9 million, a gross margin of 15.3%, and an operating loss of $0.3 million. The company signed a manufacturing license agreement with Triton Systems for Fiber-Reinforced Aluminum Composites to expand its product portfolio. Despite lower revenue, CPS remains optimistic about growth opportunities, focusing on R&D, new product lines, and business development initiatives.
CPS Technologies Corp. announced the details for its first quarter 2024 investor conference call to be held on May 2, 2024. The call will discuss the financial results for the quarter ended on March 30, 2024. CPS is a technology and manufacturing leader in high-performance energy management components, supporting various sectors such as electric trains, wind turbines, hybrid vehicles, electric vehicles, smart electric grid, 5G infrastructure, aerospace, and satellite applications. The company is dedicated to innovation and clean energy solutions.
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